RUMOR mill.....but plausible...

"I have a good friend who works at the accounting department at XM - They were told to report first thing this morning to start the QTR close - ( they never are called in for the weekend.) They were also told that anyone thinking of taking a vacation or the day of July 4th better cancel their plans. In his words, something changed yesterday ....not normal activity in the office"

Now the yahoo boards are famous for not so reliable info. But look what was posted today!

"The most recent annual report, and if applicable, quarterly report, is available for XM Satellite Radio Holdings Inc.
Last update: 6/29/2008 5:55:51 AM
XM Satellite Radio Holdings Inc.: The most recent annual report, and if applicable, quarterly report, is available at no fee.
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Thats some pretty good "not so reliable" info! Don't you think? The SEC has no filings posted for the 29th. In fact they have not processed any since the 26th. So tomorrow will tell the story...

XM will not release earnings unless they absolutely have to. They will wait until the last possible day, just like they did for first quarter reports (May 12th was the last day to give 1st qtr earnings under NASDAQ rules). XM is in no hurry to get the information ready. They are hoping the merger is approved first, then they will not have to give earnings. Sirius will provide earnings, and announce that they will aggregate the information from XM and give at the 3rd quarter call.

If anything is going to happen on the 4th, it will be the FCC announcing approval, but I doubt that will happen until the 11th at the earliest.

Newman, I agree with you. Regardless of the Yahoo rumor mill of what supposedly went down over the weekend, I do not expect to see any quarterly filing from XM in the next week or so. Sorry to be a party pooper, but I don't see or hear that anything is on the way.

I'm having a brain freeze! Am I the only one who sees that dow jones is reporting that xm's report was updated sunday morning at 5 something a.m.?
Which followed a post that xm was to have their report done this weekend?

The first post alone I could understand being met with a high degree of skepticism. The second post certainly lends credibility to the first.

So does this mean that MSFT is going to release their Q2 numbers too tomorrow -- even though they've historically filed their quarterly reports 3 weeks after the end of a quarter... and have NEVER filed it early?

The most recent annual report, and if applicable, quarterly report, is available for Microsoft Corporation
Jun 29, 2008
Microsoft Corporation: The most recent annual report, and if applicable, quarterly report, is available at no fee.

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=e5d...Jp8A&#37;3D%3D. You can use this link on the day this article is published and the following day.